ON THE CAUSAL LINKS BETWEEN FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH IN NIGERIA, 1970-2008: AN APPLICATION OF GRANGER CAUSLITY AND CO-INTEGRATION TECHNIQUES
Journal Title: Revista Romana de Statistica - Year 2010, Vol 58, Issue 3
Abstract
This paper examines the causal links between foreign direct investment and economic growth in Nigeria during the period 1970-2008. The authors employed the Granger causality and Johansen co-integration techniques to analyze the relationship and direction of causality between the variables. The Johansen co-integration statistic indicates that the variables are co-integrated, and the granger causality statistic reveals a unidirectional causality running from foreign direct investment to economic growth.
Authors and Affiliations
Abu NURUDEEN, Obida Wafure GOBNA, Abdullahi USMAN
Keywords
Related Articles
- EP ID EP160509
- DOI -
- Views 160
- Downloads 0
METHODS AND WAYS OF MANAGING INTANGIBLE ASSETS IN THE ROMANIAN ECONOMY
The term intangible is used to describe things that can be easily recognized but difficult to quantify. The best example is the intangible economic asset that is easy to describe but difficult to estimate in a particular...
Occupation and Unemployment of Romanian Graduates during the current Economic-Financial Crisis
This paper represents a general analysis of the problems regarding occupation and unemployment for graduates of various educational levels in Romania, intending to capitalize on the data base found in the activity report...
Some aspects regarding the extension of Edgeworth test to nonlinear restrictions
This paper presents the most important elements of the Edgeworth tests applied to non-linear restrictions. Following a brief introduction, the authors develop on the linear regression with non-linear hypothesis, the vari...
Evolution of GDP: The case of Romania
The study examines the evolution of GDP in the period 2009 – 2012. The results evidenced by the macroeconomic indicators show a disastrous trend in this period, as effect of the economic and financial crisis. When anal...
Using Time Series in the Macroeconomic Analysis
The macroeconomic indices analyse shall be studied on goinging development in order to know the manner of actual transformation of these during each particular stage.For an actual analyse of phenomena development over ti...